Topic: Is this the new bull markert (Read 373 times)

It's hardly to speculate in this market today because of so volatile prices. Lately, I hope that price is the end of bearish trends and were entering the bull market. But, as we can view today a bloody bath again so let's accept this trends and wait for the bull market to embrace.

No, actually it has been expected as per expert TA. Theres a recurring situation and will drag down the price of btc until it reach $3k, Im not sure if it really go as deep as that. But neverthless, we will see bull market in the next few months, market is still struggling today.

Hindsight's a wonderful thing but looks like the OP was wrong & we’ll hit lower lows. Wouldn’5 surprise me if we see the price retrace to $4,xxx.

It really sucks atm.

As most waited for bitcoin to be in bullish trend has been change and were back into bearish trends again. This price is so down big of the time that we didnt expect. But as we know price is really unstable we expected the end of bearish, but it is the same again. So hopefully we can seeing into recovery mode of bitcoin.

Recently some people has been saying this same thing that we are about to enter into another bull run, even my friend has been investing some money lately. But don’t be so sure, you never know what may happen, though we should believe things will work out for good no matter what. By the way, there is nothing wrong with investing at the current price rate, as long as the price will go up one day and you will make profit. Price has being around $8k to $8.6k.

As of now, the green 3 days of bitcoin turns to 3 days of dramatically down ( $7,964.27 USD (-0.09%) , hoping that will not continue by time goes by. Chain reaction, mostly all the altcoins is continue to go down too.I'm kind of a busy on my stable job this past days, any update why this happen in crypto world?

Don't focus too much on the all time high of $20,000 that we reached last year. It's based on nothing more than speculative hype in combination with a huge load of media attention. In order to beat that all time high, we need a more solid market and ecosystem reflecting that value. Tell me, what's it worth to see the market go up to $20,000 while it's still struggling with network load, exchanges not being able to handle the demand and keep their trading engine functioning properly? I think it's better that we just have another all time high delayed till the moment comes this market and ecosystem are worthy of having that specific value....

As we see its showing green now after the dip but i suggest to don't assume it will bullish until it reach the all time high value.. 'cause those big players in the market always want to manipulate the price.  So perhaps this is just normal uptrend and after 9k or 10k it will drop again for sure.  

That's good to see that green market as it gives hope for us that today is quite better than yesterday. Although I'm not sure if this is what you called a bull run. Maybe a mini bull run it's enough to stop the bleeding.

I hope that this will be the start of the recovery. The market value right from the start of this year, started to fall continuously. Its market value from its peak last year fell for about ,50% already. If this will be the start, surely, investing and holding while the market price is still low would surely be a huge opportunity to earn huge profit. And if not, just be patient. Surely, continuous increase will soon happen.

It's very simple for me. Recently, the whales spread fud that the reason for the price drop was the sale of a large number of coins after the bankruptcy of mtgox. The network even posted the address of the accounts on which there are 160 000 bitcoins. Do you think that in such conditions there will be a significant increase in prices? No it will not. Someone very rich wants to buy all coins cheaper. They will do everything to prevent price increases.

ha yes, I agree. I wonder if that mt gox guy is going dump anymore bitcoin..

I think it won't be enough to conclude. It is absurd to think that this will br continuous knoeing that Bitcoin is naturslly volatile. Surely thid id slso temporary but that id domething on not to worry about. The real increase surely will happen at the end of this year. So since the msrket is moving up and down at thid moment, selling won'y be a good idea but investing is.

Too soon to call it honestly, seeing that there isn't a definite trend created over the past few days even with the strings of good and bad news bombarding the crypto world. Even with the positive conclusion on crypto talks @ the G20 summit didn't secure a breach @ $9000 which everyone was hinting at. For now, there is some form of resistance standing @ $9000 that we cannot break just yet, so any further pushes might not be possible at the mean time and the game, as of now, is a stalemate.

Well this is not a bull run but we are seeing a consecutive green status over the market and I think it will continue over the next week I guess, But we are having a dip again until we can feel another bull run agian but provably it will last long until november, But we are in a stable state of the movement right now, Let's just say that for now it is still good to invest because the price is cheap but if we see the bull run again we can make another profit.

Bitcoin has been steady around the 8.7K mark for a few days, but is still 2K below its 10.7K price at the start of the month and is only half its 17.6K price in early January. I think there was always going to be buying pressure from smart crypto and institutional money supporting bitcoin around 8K once it had fallen 60% from its ATH, so it’s probably will come back to current levels quickly if it does fall further as has happened the last couple of months. And I don’t think anyone knows what will happen to the price short-term and it does depend on positive or negative news and did or hype and market sentiment being positive or negative and the volume of coins for sale etc.

But sooner or later the news will turn positive and market sentiment will become positive and the price will start to steadily increase and then new investors will be drawn into the market by hype and FOMO, and we will see another bull market ending no doubt in a speculative frenzy and big crash. Whether that will happen in May/June as some think or Oct-Dec as in previous years or next year is unclear, but I think market sentiment can turn quickly in crypto when it does and there’s a lot of money waiting to come in when the market is clearly moving upwards.

So I guess you can say that now is the start of the next bull run, sooner or later - and looking back then now will be a good time to be invested, as the bull charges and you think about taking good profits! 

I do not think that FUD is over. Technically if we break 7200 level, we can drop even to 3000.And fundamentally, I suppose whales are interested in buying on cheaper prices...

It has fallen from 9k to now at 8400$ and again people feel the pain that they started to think it will crash back again to below 8k. Just not able to move above 9k mark and get stable in that range. People are selling as soon as it reaches that mark and making their profit.

Unfortunately, the run towards $9K is not sustainable, 3 days of going green then installing then a sudden fall to $8500 again. I guess we need to look to April and see how it goes again. There's news that Binance was warn by Japan regarding over licensing so that brought the market to -$500.

I hope that when the dust settles and everything is clear we will see bitcoin goes to $9K and then try to test $10K. What I really don't like is that those doomsayers that is spreading FUD again and saying that the price could go below $3K.

Man you’re not the only one thinking about that. I have even been looking forward to investing my money into this. I’ve been seeing some positive news, and some people are also saying the same thing. The price has also been around $9k,. I just want to have a little patience and see where the market is really heading to before taking further steps.